b0, in the PR it says "convertible debenture". That's what is common known as CD, also known as dead spiral when used by companies to borrow money from shaddy "equity investors", normally based somewhere offshore (the company, the owners are normally in wall street), most of the times in the Cayman islands. They're going to use this same instrument to convert our shares to preferred. What does that mean? Well, it means that to convert them back into common a few conditions will have to be met. One is probably a certain lenght of time, other will probably have a premiun in regards to the lowest bid in a certain number of trading days. Those are the conditions I want to see before I commit to the conversion. I also know that those shaddy "equity investors" I mentioned above once they get the preferred shares they start selling covered shorts. How they do it I don't know, but I know it is possible. In that case one could get around any time constraints placed on the preferred and sell covered short right after the RS. I'll call the brokerage house on Monday to see if they can and how to do it.
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